Wednesday, April 30, 2008
MIAMI - Housing prices in Miami are dropping down quickly; a real estate agent said "I sit on the computer everyday waiting for a new listing. There isn't much coming up but a lot going down, lot of homes on the market going down." The word "price reduction" is almost seen in every sign outside the homes, making it impossible to judge what is a good deal, especially when you see how much prices are plunging.
At the peak of real estate market in 2004, home values went up on average $1,000 a week. And this year the market is in a plunge and prices are dropping $1250 a week. A real estate agent blames the credit for the steady drop in prices and banks now demand 20 to 30% down. He said, "Unfortunately as much as the young people can afford the payments, which is a struggle, but more and more people can, it's hard for them to come up with the down payment"
At the peak of real estate market in 2004, home values went up on average $1,000 a week. And this year the market is in a plunge and prices are dropping $1250 a week. A real estate agent blames the credit for the steady drop in prices and banks now demand 20 to 30% down. He said, "Unfortunately as much as the young people can afford the payments, which is a struggle, but more and more people can, it's hard for them to come up with the down payment"
posted by Real Estate Agent @ 5:46 AM permanent link | Post a Comment | 0 comments 
Friday, April 25, 2008
The real estate market of Manhattan now continues to climb greater heights which are due to the wealth of its buyers, limited supply of homes, stronger job market and weak dollars that is pulling in more and more foreign buyers. Real estate in cities such as Seattle and San Francisco continues to climb up; during the first quarter of the year in 2008; the median price for a Manhattan house went up by 18 percent, to $872,000, when compared with the same period in 2007.
Based on a Web portal report that was released in April 2008; The median price for all of New York City that includes much weaker middle class neighborhoods in the Bronx, Brooklyn, Staten Island and Queens rose up to 4 percent in the first quarter, to $535,000. Brighter spots in the real estate market can be seen in Charlotte, N.C. and also in Austin, Texas.
Based on a Web portal report that was released in April 2008; The median price for all of New York City that includes much weaker middle class neighborhoods in the Bronx, Brooklyn, Staten Island and Queens rose up to 4 percent in the first quarter, to $535,000. Brighter spots in the real estate market can be seen in Charlotte, N.C. and also in Austin, Texas.
posted by Real Estate Agent @ 12:00 AM permanent link | Post a Comment | 0 comments